Orthopedic Software Market Size, Share & Growth Report 2031

Report Description

The global orthopedic software market size was nearly USD 320.2 Mn in 2022 and is likely to reach USD 578.68 Mn by 2031, expanding at a CAGR of 6.2% during 2023 – 2031. The growth of the market is attributed to the increasing demand for software solutions to optimize healthcare administrative tasks such as appointment scheduling, documentation, and data management.

Orthopedic software refers to computer programs and applications that are designed specifically for orthopedic healthcare professionals, such as orthopedic surgeons and physical therapists. These software tools are developed to assist orthopedic practitioners in various aspects of their practice from diagnosis and treatment planning to post-operative care and rehabilitation.

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Orthopedic software includes an electronic health record (EHR) system, analytics platforms, and other services that are useful in orthopedic practice. It streamlines various daily tasks such as managing patient records, scheduling appointments, and generating reports. Musculoskeletal conditions are the key contributor that supports the market to grow rapidly.

• According to a study by the Australian Institute of Health and Welfare conducted during 2020-2021, nearly 6.9 million people in Australia, which means approximately 27% of all Australians were affected by musculoskeletal conditions. Furthermore, around 3.9 million people had back problems, 3.1 million had arthritis, and 889,000 had osteoporosis.

The COVID-19 pandemic moderately impacted the orthopedic software market. The orthopedic software market experienced a sharp decline in demand and implementation during the initial period of the pandemic, as hospitals and healthcare providers focused primarily on managing the surge of COVID-19 cases. Furthermore, non-urgent elective surgeries were postponed, which reduced orthopedic procedures and subsequently affected the market.

• According to a report published by the National Library of Medicine, the pandemic restricted the mobility and trend of orthopedic surgeries in the first year which led to over 22.8% of the downfall in orthopedic surgical procedures.

On the other hand, the demand for remote healthcare solutions and the acceleration of digital transformation increased the development and adoption of innovative features in orthopedic software. These advancements not only facilitated continuity of care during the pandemic but also paved the way for enhanced telehealth services, data analytics, and AI-driven decision support in the field of orthopedics.

Orthopedic Software Market Dynamics

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Major Drivers

The rising incidence of orthopedic conditions among the geriatric population is expected to drive the market. Musculoskeletal conditions such as back pain and osteoporosis are the most commonly occurring orthopedic conditions among the elderly population.

According to the International Osteoporosis Foundation, globally, 1 in 5 men and 1 in 3 women over the age of 50 years will experience osteoporosis fractures in their lifetime. Growing requirement to automate the process is likely to boost the demand for orthopedic software.

These orthopedic software solutions offer tools and functionalities that aid in accurate diagnosis, treatment planning, and follow-up care. It allows healthcare professionals to access comprehensive patient information, including medical history, imaging studies, and treatment protocols, which enables them to make informed decisions tailored to the specific needs of patients.

Existing Restraints

The shortage of trained and skilled resources is expected to hinder the orthopedic software market in the coming years. Orthopedic devices and software are a specialized domain that requires expertise in understanding and utilizing its features effectively to ensure accurate diagnosis, treatment planning, and patient care. However, the lack of availability of individuals with in-depth knowledge and skills in orthopedic software restrains the market.

Emerging Opportunities

Increasing research activities and the development of advanced cloud-based solutions are likely to create favorable opportunities for the key players competing in the market. Cloud-based orthopedic software enables healthcare professionals to access patient records, treatment plans, and other relevant data from any location using various devices such as desktop computers, laptops, or mobile devices.

This flexibility enhances mobility and supports remote patient care, telemedicine consultations, and collaboration among healthcare professionals. Furthermore, the use of cloud-based apps in orthopedic software expands the reach and usability of these solutions.

Scope of Orthopedic Software Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Orthopedic Software Market Segment Insights

Product Segment Analysis

Based on product, the orthopedic software market is divided into orthopedic electronic health record, digital templating/preoperative planning software, orthopedic practice management, orthopedic revenue cycle management, orthopedic picture archiving and communication systems, and others.

The orthopedic picture archiving and communication systems (PACS) segment is expected to hold a major revenue share of the market during the forecast period, due to its specific benefits and functionalities tailored to orthopedic imaging and workflow management.

PACS is a specialized software solution designed to store, retrieve, and manage digital images and related patient information. It enables orthopedic surgeons and radiologists to accurately interpret and analyze images, measure parameters, annotate findings, and compare current and previous images for tracking disease progression or treatment outcomes. Such specialized functionalities contribute to improved diagnostic accuracy, streamlined treatment planning, and enhanced patient care.

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Mode of Delivery Segment Analysis

In terms of mode of delivery, the orthopedic software market is trifurcated into cloud-based, web-based, and on-premise. The on-premises segment is estimated to hold a key market share during the projected period, owing to its high data security.

On-premises software refers to software solutions that are installed and operated locally within healthcare facilities rather than being hosted on external servers or accessed through the cloud. These practices often prefer having direct control over the software and data, as it allows to maintain privacy, comply with regulations, and address any specific security concerns.

Application Segment Analysis

On the basis of application, the orthopedic software market is segregated into orthopedic surgery, fracture management, and others. The orthopedic surgery segment is anticipated to expand at a considerable CAGR in the coming years, due to the significant role of software solutions in enhancing surgical outcomes, improving surgical planning, and facilitating efficient surgical procedures in the field of orthopedics.

Orthopedic surgery encompasses a wide range of procedures including joint replacements, fracture fixation, arthroscopy, and spinal surgeries. The complexity of these surgical interventions requires precise planning, accurate measurements, and thorough evaluation of patient-specific factors. Orthopedic software provides tools and functionalities that assist surgeons in the critical aspects of surgical decision-making.

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End-user Segment Analysis

Based on end-user, the market is fragmented into hospital, ambulatory center, and others. The hospital segment is expected to register a robust growth rate during the projected period, owing to its central role in providing comprehensive orthopedic care, large-scale operations, and the increasing adoption of advanced software solutions within hospital settings.

Hospitals typically have specialized orthopedic departments with dedicated orthopedic surgeons, radiologists, nurses, and other healthcare professionals. The adoption of orthopedic software within hospitals streamlines and enhances various aspects of orthopedic care.

These software solutions assist in digital imaging management, surgical planning, clinical documentation, patient management, and integration with other hospital systems such as electronic health records (EHR) and picture archiving and communication systems (PACS). The widespread implementation of orthopedic software in hospitals improves efficiency, accuracy, and patient outcomes.

Regional Analysis

In terms of region, the global orthopedic software market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the assessment period, due to several key factors such as the presence of advanced healthcare infrastructure, high healthcare expenditure, technological advancements, and favorable government initiatives promoting digital healthcare solutions.

North America has a well-established and technologically advanced healthcare infrastructure. The region is home to numerous leading hospitals, healthcare systems, and research institutions that drive innovation and adoption of healthcare technologies. The availability of state-of-the-art medical facilities, advanced imaging technologies, a skilled healthcare workforce, and the increasing prevalence of osteoarthritis are expected to contribute to the market growth in the region.

• For instance, as per an article published in the National Library of Medicine, a study on the prevalence of osteoarthritis (OA) found that the OA in the US was 6128.1 cases per 100000 population in 2017. The overall OA prevalence was 26.6% and is expected to reach 29.5% by the end of 2032.

The market in Asia Pacific is anticipated to expand at a rapid pace in the coming years, due to the increasing prevalence of orthopedic conditions among the geriatric population and the rising adoption of healthcare technologies. Factors such as sedentary lifestyles, an aging population, and the increasing incidence of chronic diseases contribute to the growing burden of orthopedic conditions.

As a result, there is a greater demand for advanced orthopedic software solutions that aid in diagnosis, treatment planning, and postoperative care. Rising government initiatives towards improving the healthcare sector are expected to boost the demand for orthopedic software.

Governments are promoting the implementation of electronic medical records, telemedicine, and other digital solutions to enhance healthcare delivery and patient outcomes. These initiatives create potential opportunities for market expansion.

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